The Phaserl


Annual Retail Sales for Hemp at $581 Million, Growing by 24% Annually

by Christina Sarich, Natural Society:

While the battle to legalize medical or recreational marijuana rages on, with plans to treat pot like alcohol being introduced in 21 states and the District of Columbia this year alone, hemp, which is marijuana’s non-hallucinogenic cousin, is also gaining some much-deserved attention. In fact, annual retail sales for hemp are at approximately $581 million, growing by 24% annually.

The Marijuana Policy Project states that the entire country will soon be marijuana-friendly, but what of hemp? Annual retail sales of various hemp products from non-dairy milk to lotions and soaps made from the super-crop already amount to $581 million, and the growth rate for retail hemp is hovering around 24% before it has even been decriminalized by the DEA (Drug Enforcement Administration).

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